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19 of 104 unique stocks in common · Jaccard: 18.3%
A weighted portfolio overlap of 29.67% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹29.67 is allocated to the exact same companies at the same relative proportions. The schemes share 19 common holdings.
The largest overlapping asset in their portfolios is Larsen & Toubro, which commands a weight of 3.19% in ICICI Prudential Active Momentum Fund and 3.15% in Tata Dividend Yield Fund. Holding both schemes increases your concentration in Larsen & Toubro rather than expanding your diversification.
If the overlap is above 30%, it is typically because both schemes benchmark to the same index (e.g. Nifty 50 or Nifty LargeMidcap 250) or overlap in their top large-cap picks. To improve your portfolio's diversification, consider allocating one of these tranches to a category with lower structural correlation (such as a mid-cap, small-cap, or international equity fund).
| Stock | in ICICI | in Tata |
|---|---|---|
| Larsen & ToubroConstruction | 3.19% | 3.15% |
| HDFC BankBanks | 3.92% | 2.97% |
| Radico KhaitanBeverages | 2.60% | 2.63% |
| PNB Housing FinanceFinance | 2.03% | 2.54% |
| Power Grid Corporation of IndiaPower | 1.81% | 1.94% |
| Bharat ElectronicsAerospace & Defense | 1.78% | 2.47% |
| Multi Commodity Exchange of IndiaCapital Markets | 1.73% | 1.87% |
| Adani Ports and Special Economic ZoneTransport Infrastructure | 2.41% | 1.64% |
| NTPCPower | 1.46% | 1.92% |
| Hindustan AeronauticsAerospace & Defense | 2.49% | 1.37% |
| GE Vernova T&D IndiaElectrical Equipment | 2.03% | 1.34% |
| Samvardhana Motherson InternationalAuto Components | 2.90% | 1.33% |
| CreditAccess GrameenFinance | 1.37% | 1.31% |
| Axis BankBanks | 2.46% | 1.25% |
| KEI IndustriesIndustrial Products | 2.07% | 1.22% |
| Bajaj AutoAutomobiles | 2.45% | 1.16% |
| Mahindra & MahindraAutomobiles | 2.60% | 0.66% |
| VedantaDiversified Metals | 1.36% | 0.47% |
| Tata SteelFerrous Metals | 3.13% | 0.40% |
Weighted overlap = Σ min(weight in fund A, weight in fund B) across shared stocks, from each fund's latest public monthly portfolio (as on May 2026). Equity holdings only, ISIN-verified. Not investment advice.